Welcome to Finance and Fury, the Furious Friday edition

This is a continuation from this week’s Say What Wednesday episode, in part one on Who to vote for? Check it out here.

Part 1:

  • Political culture
  • Tribalism
  • 3 main parties policies and promises

Today:

  • How to tell the difference between promises and policies?
  • Break down how votes tend to end up with 2 parties

How to tell a promise from a policy?

  • Every promise focuses only on the outcome
  • Look at if the policy proposal is stating an outcome versus how it will be done
  • Example: “Uni should be free” – how is this achieved?
  • The breakdown is the difference between dialectic and rhetoric
    • Rhetoric – language designed to have a persuasive or impressive effect, but which is often regarded as lacking in sincerity or meaningful content.
    • Dialectic – discourse between two or more people holding different points of view about a subject but wishing to establish the truth through reasoned arguments – but truth requires facts/information
  • Social media and the spread of disinformation makes rhetorical very powerful
  • Look at the Russian collusion of the election in the US
  • Scott Morison targeted by social media accounts affiliated with the Chinese Communist Party
  • Comedy is used as a subversive tactic

Subversive tactics are used to pass policies with positive rights:

  • Previous episode on positive rights
  • Negative rights make it illegal to do something to you, positive rights make it legal to force you to do something
  • Healthcare as an example: Nobody can stop you from seeking medical treatment vs medical treatment is covered by the taxpayers. Someone is forced to pay for it, falling into the positive right territory.
  • Rhetorical statements get used in regards to something being free or human rights
  • Labor website
  • Liberal website
  • One relies on policies and the other relies on rhetorical statements
  • The how or focus to achieve an outcome is very important

What are the polls saying?

  • Polling in Australia is more accurate, as it is compulsory to vote
  • Current polls suggest Labor will win, but now not so much
  • But what about the Primary Vote? Why can a party with more votes end up losing?

Preferential voting:

  • Does your vote count?
  • What you think about your vote is important
  • The number of formal votes a party needs is 50% +
  • 2 systems of preferential voting
  • House of representatives – box with a number in order of preference
  • Senate – above the line and below the line voting
    • Above the line: preference a party
    • Below the line: number all individual candidates
  • How does preferential voting work?
  • The full distribution of preferences is used to calculate the two-party-preferred statistics
  • Your vote isn’t wasted

How do we vote for our PM?

  • We don’t, we vote for a member of a party and they chose the PM

Summary:

  • Break down of messaging used in campaigns
  • Evoking emotional responses versus focusing on outcomes
  • Every vote is important and does actually count

Thanks for listening, if you have any questions you can ask them here. 

Rome wasn’t ruined in a day! What happens when the population becomes reliant on the government that has complete control over the currency?

I love history – valuable lessons. When looking at us to those in the past - Culturally we are different, but biologically we are not. If any one of us was put back in time to grow up in past civilisations, we would be no different to the local people in that time...

[Financial] New Year’s Resolutions: how to get ahead in your finances and be in a better position this time next year

Episode 16 [Financial] New Year's Resolutions: how to get ahead in your finances and be in a better position this time next year Welcome to the New Financial year – looking back on the year, are you in a better or worse financial position than you were this time last...

What has created a system where the share market can go down so quickly?

Welcome to Finance and Fury, The Furious Friday edition What has created a system where the share market can go down so quickly? The perfect storm – Panic, OPEC agreement breaking down – computer algorithms kicking in, mass sell-offs of index funds The recent collapse...

Furious Friday: What is the future of the Australian Economy?

Hi Guys, and Welcome to Finance and Fury, the Furious Friday edition. Today we are discussing the future of our economy. What is the future of the Australian Economy? Welcome Today’s episode is on the future of the Australian economy. In today’s episode we will cover...

Do value shares perform better than growth shares when inflation levels are high?

Welcome to Finance and Fury. This episode – want to continue looking at theory versus reality – Focus on the theory of Value versus Growth investing in an inflationary world – and which one does better Looked at if inflation will return – but if it does - maybe Value...

What does the future of the economy look like?

Welcome to Finance and Fury, the Furious Friday edition. In today’s episode we look at what the future of the economy looks like?   First – I want to say a massive thank you to everyone who has given great feedback and your support – many of you have reached out...

Don’t get tricked! How to avoid living in a Trauma-based society by building towards your own future

Welcome to Finance and Fury, the Furious Friday Edition Today's episode is number 3 in this series – check out last 2 FF eps  episode 1 episode 2 Last ep – talked about media and the realities that they create – but they are not consistent – and massive hypocrites...

Gender pay gap, porn, and becoming “in demand”

Episode 1 Gender pay gap, porn and becoming "in demand" Welcome to the first episode of Finance and Fury and today we're going to be setting the scene for the rest of the podcast. The whole podcast is about helping to solve misunderstandings… and one really big one is...

Red versus Blue team and wishes versus reality

Welcome to Finance and Fury, The Furious Friday edition.  Episode 2 in this larger series - The last episode – Talked about historical events – resulted from people acting out their conspiracy – act of making plans with a counterparty to commit an unlawful or harmful...

Say What Wednesdays: Where to start when you don’t know where to start; financial literacy in an age of information overload

Say What Wednesdays Where to start when you don't know where to start; financial literacy in an age of information overload Welcome to Say What Wednesday - Today’s episode is a special one! Plus there’s a bit of an announcement at the end. This all started with a...

Pin It on Pinterest

Share This